Gree Electric Appliances plans share sale: what it means for Gree stock

Published on 10/13/2026 at 10:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zhuhai Mingjun held 16.11 percent and plans to sell 111,702,774 shares. Gree stock revenue was CNY 89.398 billion in first-half 2026.

Key points in brief

Gree Electric Appliances plans a sale of up to 111,702,774 shares, equal to 2.00 percent of its share capital.
Zhuhai Mingjun held 16.11 percent and plans to use the proceeds to repay bank loans.
First-half 2026 revenue fell 8.15 percent to CNY 89.398 billion, while net profit declined 7.87 percent.
Gree stock was last at CNY 39.63 on Shenzhen on October 13, 2026, with a market capitalization of CNY 220.7 billion.

Gree, CNE0000001D4, Illustration mit AI erstellt.

Gree Electric Appliances (CNE0000001D4) had planned a sale of up to 111,702,774 shares, equal to 2.00 percent of its share capital, according to min.news on October 6, 2026. The proposed transaction puts shareholder supply beside a weaker first-half operating trend.

What does the 2.00 percent sale mean?

Zhuhai Mingjun, identified as Gree's largest shareholder, held 902,359,632 shares, or 16.11 percent of the company, when the plan was announced. The proceeds are intended to repay bank loans, and the disposal window is scheduled to run through block trading within three months after 15 trading days from the announcement date, min.news reported.

The scale matters because 2.00 percent of the share capital is large enough to influence near-term supply, while the stated use of proceeds points to balance-sheet financing rather than a change in Gree's operating strategy. The announcement did not establish a selling price.

Revenue pressure remains visible

In the first half of 2026, Gree reported revenue of CNY 89.398 billion, down 8.15 percent year over year, while net profit attributable to shareholders fell 7.87 percent to CNY 13.278 billion, according to Electrical Appliances Association on September 22, 2026. Net profit excluding non-recurring items declined 8.89 percent to CNY 12.707 billion.

The operating figures give the share sale a second dimension. Gree is still generating substantial earnings, but the 8.15 percent revenue decline and 7.87 percent profit decline leave demand recovery as the central financial question for the next reporting period.

Expansion adds a concrete growth project

On October 1, 2026, Gree joined Saudi Arabia's Basic Electronics Company in breaking ground on a smart HVAC factory in Dammam, according to Gulf Construction. The first phase covers 70,000 square meters, while the completed project is expected to employ more than 2,000 people.

The project provides a measurable international expansion angle against the first-half revenue decline. It also extends Gree's core air-conditioning business into a regional manufacturing base rather than relying only on domestic appliance demand.

Shenzhen quote and valuation

Gree stock was last at CNY 39.63 on Shenzhen on October 13, 2026 at 3:05 p.m. CST. The same market snapshot placed the 52-week range at CNY 36.27 to CNY 42.48 and market capitalization at CNY 220.7 billion.